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1. Explain why functional, or volume-based costing approaches may distort costs. 2. Explain how an activity based costing (ABC) system works for product costing. 2.
1. Explain why functional, or volume-based costing approaches may distort costs.
2. Explain how an activity based costing (ABC) system works for product costing.
2. Apply the concepts of activity based costing to Freightways company and provide examples of key concepts as requested. For example, identify activities, cost drivers, cost objects of any service in Freightways.
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